Taxes & Bank Account Levies

Can the IRS really take money from your bank account?

If you owe back taxes, the IRS usually implements collection activity which
can involve calls, letters or even visits and may also put
wage garnishments in place. The IRS also has the option to place a levy on your bank account
and appropriate the overdue amount directly. The law does not require
that you be notified before your property is seized, which is not the
case with operations conducted by any other collection agency. The IRS
also has the power to confiscate funds belonging to you from other sources
such as your 401K account, your series H bonds, or insurance proceeds
that are reducible to cash. They can even raid the contents of your safe
deposit box at the bank.

If you do not currently have a solution to settle your unpaid taxes, talk to a
Miami tax lawyer at our firm before you discover the IRS has simply taken your money. An
insightful attorney can offer advice regarding how best to approach the
problem of your back taxes and reduce the risk you are facing in relation
to IRS collection activity. If you are already the victim of a levy on
your bank account, you should also talk to an attorney, as it may be possible
to obtain a release from these and regain control over your finances.

Choosing Miami Tax Lawyer A. Antonio Tomas

At the
Law Office of A. Antonio Tomas, P.A., we offer a
free consultation to help you discover how we can help with your unique situation. Our firm
understands the immense strain a bank levy can place on your life, business
and family and will do everything possible to help ease the burden.

Contact a Miami tax attorney at our firm if the IRS has placed a levy on your bank account or you owe
back taxes and are thus at risk of having this occur.

The information on this website is for general information purposes only.
Nothing on this site should be taken as legal advice for any individual
case or situation. This information is not intended to create, and receipt
or viewing does not constitute, an attorney-client relationship.